AGP.L Regulatory News (AGP)

9 Oct 2006 11:54

Asian Growth Properties Limited09 October 2006 9th October, 2006 Asian Growth Properties Limited (the "Company") Changes of Significant Shareholders' INTERESts and a Director'S Deemed INTEREST The board of directors of the Company, the Hong Kong based property developmentand investment company, announces that: 1. Change of Significant Shareholders' Interests The Company received notification today that S E A Holdings Limited ("SEA") isnow beneficially entitled to 850,368,458 ordinary shares of US$0.05 each in theCompany ("Ordinary Shares"), which represents approximately 95.94% of theexisting enlarged issued share capital of the Company and that on 5th October,2006 Charm Action Holdings Limited ("CAH") acquired 668,653,817 Ordinary Shares,which represents approximately 75.44% of the existing enlarged issued sharecapital of the Company. 175,094,641, 6,620,000 and 668,653,817 Ordinary Shares, which represent 19.75%,0.75 % and 75.44% of the existing enlarged issued share capital of the Company,beneficially owned by SEA are held through its wholly-owned subsidiaries SEA(AGP) Offshore Limited, Manifold Returns Group Limited ("MRC") and CAHrespectively. Together with the 5,444,879 Ordinary Shares held by its 79.51% owned subsidiaryTrans Tasman Properties Limited ("TTP"), SEA and TTP presently hold, inaggregate, 855,813,337 Ordinary Shares representing approximately 96.56% of theexisting enlarged issued share capital of the Company. With effect from 5th October, 2006, CAH has become a significant shareholder ofthe Company while MRC has ceased to be a significant shareholder of the Company. 2. Change of a Director's Deemed Interest As a result of the change of SEA's shareholding in the Company, Mr. Lu Wing Chi("Mr. Lu"), a director of the Company, and persons connected with him are deemedto be beneficially interested in 226,305,143 Ordinary Shares, which representsapproximately 25.53% of the existing enlarged issued share capital of theCompany. Mr. Lu is deemed interested in the said Ordinary Shares by virtue of(i) his 6.52% direct shareholding interest in JCS Limited ("JCS"), (ii) himbeing a discretionary beneficiary of a discretionary trust which owns 26.09% ofthe issued shares of JCS, and (iii) his 30% direct shareholding interest in NanLuen International Limited ("NLI"). JCS is interested in 63.58% of the issuedshares of NLI which in turn is interested in 52.19% of the issued shares of SEA. For more information: David Mathewson Tel: +44(0)773 007 4777 Richard Gray Tel: +44(0)207 459 3600Andrew PottsPanmure Gordon & Co Abigail Singleton Tel: +44(0)207 429 6666Leesa PetersConduit PRabigail@conduitpr.com / leesa@conduitpr.com This information is provided by RNS The company news service from the London Stock Exchange